Foreclosures Alberta Canada are rising much faster than any other province in Canada. According to a recent report from The Canadian Bankers association the numbers of Home owners in Alberta who are more than 90 days behind in their mortgage payments are approximately 0.73%, which is the highest default rate in Canada. This report includes only from data from mortgages received from the major Canadian banks not from all Lenders in Canada.Continue reading
Foreclosure Process in Alberta is legal procedure when the property owner default the mortgage payments. In Canada, all mortgages are governed by separate provincial statutes. And each province has its own different ways of dealing with the Foreclosure Process. The Foreclosure Process in Alberta is similar to that of British Columbia, since both provinces utilize Judicial Sale. In Alberta, though, all foreclosures are carried out under the Court of Queen’s Bench.